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7. Paragraph 11 of the Surety Agreement shall be revised to provide that the Escrow <br />Agent, City and Bank do not ensure that the building or construction will be <br />completed or when completed will be pursuant to the Plans and Specifications. <br />8. Paragraph 14 of the Surety Agreement shall be revised to provide any future <br />amendment to the Surety Agreement shall only be approved by all Parties to this <br />Agreement including, but not limited to, the Bank. <br />9. Paragraph 16 of the Surety Agreement shall be revised to provide that Escrow <br />Agent shall provide financial statements to both the City and the Bank. <br />10. Paragraph 21 of the Surety Agreement shall be revised to provide that in the event <br />the City has declared a default under the Development Contract/Planned Unit <br />Development Agreement, this Agreement shall not terminate and all funds held in <br />the Escrow Account shall remain held in said Escrow Account pending agreement <br />between the City and the Bank as to the application of any funds held in Escrow <br />and, in the event the Parties cannot agree to the same to a court of competent <br />jurisdiction in connection with allocation of the funds. <br />11. Except as revised herein, all other terms and conditions of the Surety Agreement <br />shall remain unchanged. <br />ESCROW AGENT: Registered Abstractors, Inc., <br />a Minnesota corporation <br />By <br />Its: <br />CITY: City of Lino Lakes <br />By: <br />Jeff Reinert, Mayor <br />ATTEST: <br />By: <br />Julianne Bartell, City Clerk <br />